Jobs Companies FirstRand Financial Manager - Cell Captive Insurance

About this Financial Manager - Cell Captive Insurance role at FirstRand

FirstRand · Onsite · Johannesburg

Job Description

To collaborate with business stakeholders to provide financial expertise, insights, and guidance while designing and improving financial processes that ensure consistent, efficient, and value-driven delivery of financial services.

Hello, future Financial Manager - Cell Captive Insurance

Role Purpose

The role will be responsible for the financial management, reporting, analysis, and governance of cell captive insurance arrangements. The role will provide strategic financial insights, manage stakeholder relationships, ensure accurate financial reporting and profitability analysis, and support sustainable growth and value creation for cell owners and shareholders.

Key responsibilities

  • Prepare and manage financial reports, budgets, forecasts, and variance analysis for a portfolio of cell captive insurance arrangements.
  • Monitor underwriting performance, profitability, capital utilisation, profit-share calculations, and cell owner settlements, providing recommendations to improve financial performance.
  • Deliver accurate financial reporting, management information, and insights to support business decision-making.
  • Partner with underwriting, actuarial, risk, compliance, tax, and operational teams to achieve business objectives.
  • Ensure compliance with IFRS, tax legislation, regulatory requirements, and internal governance frameworks.
  • Prepare annual financial statements, statutory reports, regulatory submissions, and coordinate external audit activities.
  • Maintain strong financial controls, risk management practices, and audit readiness across the portfolio.
  • Manage financial accounting activities, including reconciliations, financial records, and supporting documentation.
  • Oversee budgeting and forecasting processes, monitor performance against budget, and recommend corrective actions.
  • Drive continuous improvement in financial processes, reporting, systems, and operational efficiency.
  • Build and maintain effective stakeholder relationships through a collaborative, service-focused approach.
  • Lead, coach, and develop team members to build capability and drive high performance.
  • Promote knowledge sharing, continuous improvement, and professional development within the finance team.
  • Optimise the use of people, processes, systems, and resources to support business and financial objectives.

Minimum Requirements

  • A relevant bachelors' degree
  • CA(SA) qualification with a minimum of 3 - 5 years' post-articles experience.
  • Insurance experience is preferred
  • Strong understanding of cell captive business models and profitability drivers.
  • Sound knowledge of IFRS, Insurance accounting, Regulatory reporting, Taxation, and Financial controls.
  • Experience managing Audits, Budgeting, Forecasting, and Financial reporting
  • Strong analytical, commercial, and stakeholder management skills with the ability to translate financial information into actionable business insights

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    Important Closing Date Note

    Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

    22/09/26

    All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

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    About FirstRand

    FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo and DirectAxis. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services The Fir

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